The Experiment step plays a crucial role in maximizing success odds. In this step, you build a portfolio of experiments. The purpose of these experiments is to test potential solutions or strategies in a controlled environment before implementing them on a larger scale. This allows you to identify and mitigate potential risks, refine your approach, and increase the likelihood of success when you implement the solution or strategy in the real world.
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How do you prepare your business for black swan events like pandemics or financial crises? Rogue Waves by Jonathan Brill explores how to prepare for a...
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The first step is the Reality Test, used to deeply understand your present state. The Organize Your Forces step helps you model the forces that keep your current system stable. Step three is to Generate Your Futures through simulations to identify potential opportunities and threats. Step four is Uncouple Opportunities from Threats to identify where and how to intervene. The fifth step is Experiment, where you build an experiments portfolio to maximize your odds of success